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Superior Micro Products uses the FIFO method in its process costing system. Data for the Assembly Department for May appear below: Materials Labor Overhead Cost
Superior Micro Products uses the FIFO method in its process costing system. Data for the Assembly Department for May appear below:
Materials | Labor | Overhead | |
---|---|---|---|
Cost added during May | $ 193,320 | $ 62,000 | $ 310,000 |
Equivalent units of production | 27,000 | 25,000 | 25,000 |
Required:
Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.)
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